Archived - Governments of Canada and Saskatchewan Contribute up to $200 Million to the Completion of the Regina Bypass Project
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May 5, 2014 – White City, Saskatchewan – Department of Finance
On behalf of Finance Minister Joe Oliver, Minister of Agriculture and Agri-Food and Member of Parliament for Battlefords–Lloydminster Gerry Ritz today announced the Government of Canada’s investment of up to $200 million in a public-private partnership (P3) to support the construction of the Regina Bypass. The Minister was joined at the event by the Honourable Don McMorris, Minister of Highways and Infrastructure and Minister Responsible for SaskBuilds for the Province of Saskatchewan.
The Bypass plan will feature new roads, service roads and overpasses that will make travelling around Regina faster and safer. By using a P3 model, the Regina Bypass is anticipated to take only three-and-a-half years to construct, with priority components opening in advance of the full bypass completion. The use of the P3 model will also improve cost-effectiveness, ensure timely completion, provide budget certainty, and allow scope for private sector innovation.
- Subject to PPP Canada entering into a funding agreement with the Government of Saskatchewan, a contribution of up to $200 million will be provided through the P3 Canada Fund for the construction of the Regina Bypass.
- A Request for Qualifications (RFQ) will be issued later this month by the province to identify private sector proponent teams interested in bidding on the project. The contractor, once selected, will design, build, finance, operate and maintain the project over a 30-year period.
- The Regina Bypass will be owned by the Province of Saskatchewan.
- Construction of the bypass is anticipated to take three-and-a-half years and the P3 model is expected to deliver the project on time and on budget.
- The P3 Canada Fund is managed by PPP Canada, a Crown corporation responsible for advancing Canadian P3s through the provision of expert advice and support to all levels of government.
- In 2008, the Government of Canada announced the creation of the $1.2 billion P3 Canada Fund, and in Economic Action Plan 2013the Government provided an additional $1.25 billion over five years to renew the Fund.
"This project is another excellent example of how the private sector can leverage greater value for public dollars and deliver infrastructure that will benefit Saskatchewan and create jobs and growth for Canadians. I am proud of our Government's ongoing commitment to developing new infrastructure, and I'm very pleased to support Saskatchewan's choice to pursue a P3 as a better infrastructure solution."
- Gerry Ritz, Minister of Agriculture and Agri-Food
"Through the Saskatchewan Plan for Growth, we are committed to addressing the challenges that have come with the unprecedented growth Saskatchewan continues to experience and creating the conditions for future growth. The Regina Bypass will help address some of the traffic issues we've seen on Dewdney Avenue, Victoria Avenue East and at the accesses to the communities on Highway 1, east of the city."
- Don McMorris, Minister of Highways and Infrastructure for the Province of Saskatchewan
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